Financial Management VBS013
Whether you are managing money on a small or large scale; and whether in a business or personal context, there are always three things you must aim to achieve:
1. Increase Assets
Total assets (e.g. Money and investments such as property, shares, etc) either increase or decrease, but never remain constant. If assets decrease and continue to decrease, eventually there will be no assets (or finance) to manage.
2. Sustain Cash Flow
Assets need to be used in order to survive. Businesses use assets to sustain activities that generate income. People use assets to sustain their existence. If cash flow stops, a business stops doing business. If personal cash flow stops, there is no money for food or shelter.
3. Organise Finance Effectively
Finance must be organised and controlled well if you are to optimise gains and minimise losses. Financial activities (business or private) are subject to legal controls (e.g. everyone pays tax, and everyone must be able to account for how they handle their finance).
This is a course for:
•bookkeepers who want to be better than the "average" bookkeeper -it incorporates bookkeeper training but does more
•business owners or enterprise managers whose weakness is financial control
•people with a degree or diploma (other than finance) seeking a new direction in their career path
•People looking to manage their own finances
•People looking to work in finances (this course is a first step)
Core Modules These modules provide foundation knowledge for the Qualification - Certificate in Financial Management.
- Bookkeeping Foundations BBS103
- Financial (Money) Management BBS104
- Bookkeeping - Applications BBS203
- Business Planning BBS302
Elective Modules In addition to the core modules, students study any 2 of the following 6 modules.
- Ecommerce BIT100
- Legal Systems and Terminology BWR108
- Office Practices VBS102
- Entrepreneurship BBS204
- Project Management BBS201
- Professional Practice For Consultants BBS301
For more information about this course, please request your free information pack.